Assenagon Asset Management S.A. Cuts Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Assenagon Asset Management S.A. lessened its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 39.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 19,683 shares of the company’s stock after selling 12,894 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Chefs’ Warehouse were worth $827,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Chefs’ Warehouse by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock valued at $50,440,000 after purchasing an additional 14,209 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Chefs’ Warehouse by 2.2% during the first quarter. Jennison Associates LLC now owns 760,352 shares of the company’s stock worth $28,635,000 after acquiring an additional 16,104 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Chefs’ Warehouse by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company’s stock worth $20,856,000 after acquiring an additional 2,454 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Chefs’ Warehouse by 11.8% during the second quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after acquiring an additional 52,246 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Chefs’ Warehouse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock worth $10,568,000 after acquiring an additional 5,612 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Up 0.1 %

Chefs’ Warehouse stock opened at $39.94 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The Chefs’ Warehouse, Inc. has a 52 week low of $21.87 and a 52 week high of $44.58. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 35.04 and a beta of 2.32. The stock has a 50-day moving average price of $40.70 and a 200 day moving average price of $39.27.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, October 30th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%. The firm had revenue of $931.45 million during the quarter, compared to the consensus estimate of $934.29 million. Sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.43 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Chefs’ Warehouse Company Profile

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.